Nonprofit · EIN 04-1990205
WORCESTER CREDIT UNION
Tax-exempt · WORCESTER, MA 01606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,756,527 | $4,143,677 | $612,850 | $96,506,337 | $87,743,183 | $8,763,154 |
| December 31, 2023 | 990 | $4,719,033 | $3,960,168 | $758,865 | $98,463,592 | $90,482,279 | $7,981,313 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,632,818
- Investment income
- $1,111,376
- Other revenue
- $12,333
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,089,962
- Salaries, compensation and benefits (total)
- $1,342,052
- Professional fundraising fees
- $0
- Legal fees
- $18,999
- Accounting fees
- $102,189
- Occupancy
- $202,680
- Depreciation
- $81,893
Balance sheet and other
- Total assets, start of year
- $98,463,592
- Total assets, end of year
- $96,506,337
- Total liabilities, end of year
- $87,743,183
- Net assets, end of year
- $8,763,154
- Land, buildings and equipment
- $998,932
- Gross receipts
- $4,756,527
- Employees
- 22
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA PERRIN | OUTGOING PRESIDENT/CEO Officer | 40 | $113,897 | $27,481 |
| LUCAS J MILLER | INCOMING PRESIDENT/CEO Officer | 40 | $73,269 | $0 |
| ROBERT HENNIGAN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PAULA HARRITY | VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOHN LAURING | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL TRAYNOR | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| KONSTANTIN ELIADI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID MOORE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JULIE PARENTEAU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN PRANCKEVICIOUS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHARON WOODBURY | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA PERRIN | PRESIDENT/CEO Officer | 40 | $187,902 | $40,823 |
| STEPHEN DOYLE | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $116,340 | $0 |
| ROBERT HENNIGAN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PAULA HARRITY | VICE-CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOHN LAURING | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL TRAYNOR | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| KONSTANTIN ELIADI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DAVID MOORE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JULIE PARENTEAU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN PRANCKEVICIOUS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHARON WOODBURY | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 520 W BOYLSTON ST, WORCESTER, MA 01606-2026
- In care of
- % LUCAS J MILLER
- Principal officer (990 for 2024)
- LUCAS MILLER, 520 WEST BOYLSTON STREET, WORCESTER, MA 01606
- Signed the 990
- LUCAS MILLER, PRESIDENT
- Phone
- (508) 853-9966
- Website
- WWW.WORCESTERCU.COM
- Return prepared by
- BOLLUS LYNCH LLP
Mission
CREDIT UNION WITHOUT CAPITAL STOCK ORGANIZED AND OPERATED FOR MUTUAL PURPOSES AND WITHOUT PROFIT.
Program accomplishments
- N/A
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-1990205
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $96,506,337
- Income (IRS master file)
- $4,756,527
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,756,527 | $4,143,677 | $96,506,337 | XML |
| 990 | December 2023 | $4,719,033 | $3,960,168 | $98,463,592 | XML |
| 990 | December 2022 | $3,533,968 | $3,224,289 | $105,060,405 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-1990205).
Questions about WORCESTER CREDIT UNION
- What is the EIN of WORCESTER CREDIT UNION?
- The employer identification number (EIN) of WORCESTER CREDIT UNION is 04-1990205.
- Is WORCESTER CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1941.
- Are donations to WORCESTER CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WORCESTER CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORCESTER CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORCESTER CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WORCESTER CREDIT UNION?
- The 990 for the year ended December 31, 2024 names LUCAS MILLER.
- Who are the officers and directors of WORCESTER CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $113,897 (LISA PERRIN, OUTGOING PRESIDENT/CEO).
- How much revenue does WORCESTER CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,756,527, expenses of $4,143,677 and total assets of $96,506,337 at year end.
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